stock up, page-18

From my reading NST is no less bullish on the area than they were when they originally fought so hard to won the JV deal. I totally agree that mill capacity, its location plus NST's wish for a 100% holding (given their significant ongoing funding obligations) have delayed progress. NST are obviously still positive on the area and I estimate they have invested around $65-$75 million on the initial purchase and ongoing drilling. I see nothing to date that would reduce their optimism for the core CTP area.

TAM's 100% SP rise over the past 6 months on very high volumes indicates to me that a deal may have been struck. NST's upcoming Resource Update in early August may be very interesting!